Archived News

01/03/2016 (Reuters) - Monday's Rotterdam vegetable oil prices at 1700 GMT.

01/03/2016 (Borneo Post) - Shares of Sarawak Oil Palms Bhd (Sarawak Oil Palms) dropped despite the group’s financial year 2015 (FY15) results exceeding the expectations of Maybank Investment Bank Bhd (Maybank IB Research) by 25 per cent led to an affirmation of its growth potential.

01/03/2016 (The Star) - Sales of physical certified sustainable palm oil (CSPO) have more than doubled, with a 162% surge in sales reported by Roundtable on Sustainable Palm Oil (RSPO) at end-Jan 2016 from a year earlier.

01/03/2016 (The Star) - Koperasi Serbaguna Malaysia Bhd (KSM) has launched its second oil palm plantation investment scheme following its purchase of 4,119ha of land in Sarawak in March last year.

01/03/2016 (Pakistan Obsever) - Four ships C.V ACX Crystal, M.V Pabur, M.T ECL Nur-K and M.T Atlantic Glory carrying containers, canola seeds, palm oil and chemicals were allotted berths at Qasim International Container Terminal, Gain and Fertilizer Terminal and Multi Purpose Terminal respectively during last 24 hours. Meanwhile, three mores ships with containers, Furnace Oil and Palm Oil also arrived at outer anchorage of Port during the same period.

01/03/2016 (Business Standard) - Crude palm oil prices declined by 0.70% to Rs 484.70 per 10 kg in futures trading today as participants booked profits, driven by easing demand in the spot market against adequate stocks.

01/03/2016 (Hindu Business Line) - Edible oils rule steady to weak . ON BCE baring palmolein and groundnut oil which rose by ₹10 and ₹3 each all other edible oils were unchanged. Soya oil futures on NCDEX decline over ₹3-4 on renew selling pressure. In physical market during the hardly 200-250 tonnes of palmolein resold at ₹525. Liberty was quoting Palmolein Ex Ghatkopar ₹538 and Ex Shapur ₹539 for 15 March. Super Palmolein ex JNPT ₹557 and ex Shapur ₹559 for 15 March. Soyabean refined oil ex Shapur ₹615 for 15 March. Ruchi was quoting Palmolein ex Patalganga and Ex JNPT at ₹530 for 10 March and ₹532 for 11-15 March and ₹535 for 16-31 March. Soyabean refined oil ₹611 for 31 March. Sunflower refined oil ₹765 for 10 March.

01/03/2016 (Business Standard) - In a restricted activity, palmolein oil prices rose by Rs 50 per quintal at the wholesale oils and oilseeds market today on scattered buying by retailers.

01/03/2016 (Daily Express) - Sabah has been allocated a total of 1,500 hectares of land under the Oil Palm New Plantation and Re-Plantation Schemes for Small Holders (TBSPK) and smallholders with 17 acres of land or less will be eligible to apply for them.

01/03/2016 (News Ghana) - Mr. Abdul Razaque Ziblim Salifu, the Western Regional Director of the Ministry of Food and Agriculture (MOFA), has advised oil palm farmers to embrace alternative livelihood programmes so as to diversify their sources of revenues.

01/03/2016 (Tempo.co) - As many as 149 palm oil companies covering a total of 1.16 million hectares of oil palm plantation has managed to acquire the Indonesian Sustainable Palm Oil (ISPO) certification. The government implemented the ISPO policy in an effort to improve Indonesian CPO's competitiveness in the international market. In addition, ISPO marks Indonesia’s effort to reduce greenhouse gas emission and environmental commitment.

29/02/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.